6. The initial products and schemes that have been created have been named 'Shishu', 'Kishor' and 'Tarun' to signify the stage of growth/development and funding needs of the beneficiary micro unit/entrepreneur.

7. Shishu would cover loans up to Rs 50,000 while Kishor above Rs 50,000 and up to Rs 5 lakh. Tarun category will cover loans of above Rs 5 lakh and up to Rs 10 lakh.

8. MUDRA is to be set up through a statutory enactment.

It would be responsible for developing and refinancing through Pradhan Mantri MUDRA Yojana.

9. MUDRA would also partner with state/regional level coordinators to provide finance to "Last Mile Financiers" of small/micro business enterprises.

10. Measures to be taken up by MUDRA are targeted towards mainstreaming young, educated or skilled workers and entrepreneurs including women entrepreneurs.